Flutter Entertainment (FLUT) Gross Margin (2023 - 2026)
Flutter Entertainment (FLUT) reported Gross Margin of 42.68% for Q1 2026, down 395.0% on a YoY basis from 14.47% in Q1 2025, and down 4.18% quarter-over-quarter from 44.54% in Q4 2025.
Flutter Entertainment (FLUT) Gross Margin (2023 - 2026) Analysis & Trends
Flutter Entertainment has reported Gross Margin for 4 years, with the latest figure at 42.68% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 395.0% year-over-year to 42.68%; the trailing twelve-month figure through Mar 2026 stood at 44.25% (down 330.0% YoY), and the FY2025 full-year result was 45.19%, down 251.0% from the prior year.
- Gross Margin for Q1 2026 stood at 42.68%, down from 44.54% in the prior quarter.
- The five-year high for Gross Margin was 50.32% in Q2 2023, with the low at 42.68% in Q1 2026.
- Historically, Gross Margin has averaged 46.43% across 4 years, with a median of 46.63% in 2025.
- Annual changes were most pronounced in 2024 — Gross Margin surged 200 bps — and 2026, when it sank 395 bps.
- Flutter Entertainment's Gross Margin stood at 46.15% in 2023, then gained by 4 bps to 48.15% in 2024, then fell by 7 bps to 44.54% in 2025, then decreased by 4 bps to 42.68% in 2026.
- The last three Gross Margin figures came in at 42.68% (Q1 2026), 44.54% (Q4 2025), and 42.86% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 42.68% |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 42.32% |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 71.64% |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 35.69% |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 94.21% |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 31.27% |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | 56.54% |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | 95.45% |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.68% |
| Dec 31, 2025 | 44.54% |
| Sep 30, 2025 | 42.86% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 48.15% |
| Sep 30, 2024 | 46.06% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 46.15% |
| Sep 30, 2023 | 45.82% |
| Jun 30, 2023 | 50.32% |
| Mar 31, 2023 | 47.19% |